(Bloomberg) -- For money managers nervous about U.S. equities at all-time highs during an economic crisis and election year, Europe could be the antidote.Investors from BlackRock Inc. to Manulife Investment Management say the region’s coordinated and fast response to the pandemic is also a good reason to be confident, despite the fact that European stocks have stalled since early June.The bullish mood on Europe can largely be viewed as a scramble for alternatives to the U.S., where equity valuations look stretched and China tensions are running high. The November election is also souring sentiment as President Donald Trump battles the Postal Service and stokes false claims of widespread election fraud.“If you compare the upcoming event risks, Europe is a relatively calm economy compared to the U.S., U.K. and China,” said Peter Chatwell, head of multi-asset strategy at Mizuho International Plc.A recent Bank of America Corp. survey of fund managers found Europe...
BP said it had begun the process of evacuating personnel from offshore platforms and drilling rigs, while also beginning to shut-in production at its four operated platforms in the U.S. Gulf of Mexico, the Thunder Horse, Atlantis, Mad Dog and Na Kika. Meanwhile, Chevron said it was evacuating all personnel at its Big Foot, Genesis, Jack/St. Malo and Tahiiti platforms and initiating shut-in procedures....
(Bloomberg) -- Elon Musk promises a “giant contract” with the miner that can supply nickel for Tesla Inc. batteries at low cost with minimal environmental impact, yet the industry’s messy track record may make that deal difficult to clinch.Recent accidents such as a diesel spill in Arctic Russia and a burst waste pipeline in Papua New Guinea suggest the industry will struggle to meet Musk’s request for a large quantity of the metal produced in an “efficient” and “environmentally sensitive” way.As the world’s most-valuable carmaker extends manufacturing arms to China and Germany, its billionaire owner may have to rely increasingly on the biggest supplier of nickel: Indonesia. Yet miners there are being criticized for plans to pump waste into the open sea, meaning Musk and other carmakers may need to compromise on sourcing standards while trying to compel the industry to clean up its act.“Nickel projects being built in Southeast Asia...
DUBLIN, Aug. 21, 2020 /CNW/ -- Endo International plc (the "Company") (NASDAQ: ENDP) announced today the expiration and final tender results of the previously announced cash tender offer (the "Offer") by its wholly owned subsidiary Endo Finance LLC ("Endo Finance") for any and all of its outstanding 5....
